Infor affiliate to acquire Lawson Software

GGC Software Holdings Inc., an affiliate of Golden Gate Capital and Infor, has agreed to acquire Lawson Software for approximately $2 billion.

Following completion of the transaction, the combined suite of Infor and Lawson will create a unique set of industry-specific applications serving more than 75,000 customers and a global leader in verticals such as manufacturing, health care, distribution, public sector, and hospitality.

"Infor and Lawson will create a rich, integrated enterprise application suite. After the transaction closes, we plan to integrate many of the applications as soon after closing as possible, facilitated by a standards-based approach and the fact that both companies' applications are already service-enabled. We also plan to innovate and change how customers deploy, use, and upgrade enterprise applications. We have a long list of ideas to improve the customer experience and deliver value through a singular focus on enterprise applications, accelerated investment, and a strong incentive to challenge convention," said Charles Phillips, CEO of Infor.

Under the terms of the merger agreement, stockholders of Lawson will receive $11.25 per share in cash.

"We are pleased to have entered into a transaction that will offer Lawson stockholders an attractive valuation," said Harry Debes, Lawson's president and chief executive officer. "After a thorough examination of the strategic alternatives available to the company as well as extensive discussions with Golden Gate and Infor, Lawson's board unanimously concluded that this transaction is in the best interests of the company and our stockholders."

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